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Lloyds Banking Group's app glitch exposed customers' sensitive data, prompting regulatory scrutiny and calls for accountability.
Lloyds Banking Group faces scrutiny after a March 12 technical glitch in its mobile app allowed some customers to view others’ financial data, including transactions, wages, direct debits, and national insurance numbers.
The Treasury Committee, led by Dame Meg Hillier, has demanded detailed answers from CEO Charlie Nunn on the number of affected users, potential compensation, and steps to prevent future breaches, with a full report due in six months.
The Financial Conduct Authority is investigating, emphasizing firms’ duty to protect customer data.
Lloyds apologized, confirmed the issue was resolved, and said no account security was compromised, though affected customers are being contacted.
The incident has raised concerns about digital banking reliability amid ongoing industry shifts to online services.
El fallo en la aplicación de Lloyds Banking Group expuso los datos confidenciales de los clientes, lo que provocó un escrutinio regulatorio y llamadas a la rendición de cuentas.